Quantum Solutions Sells 1,000 ETH, Raises Ethereum Sale Limit to 4,375 ETH

Japan-based Quantum Solutions said its subsidiary, GPT Pals Studio Limited, sold 1,000 Ethereum (ETH) for approximately $1.903 million on July 30, with the proceeds earmarked for AI data center (AIDC) operations.

The transaction represents the company’s second Ethereum sale, bringing its cumulative ETH disposals to 1,904. Following the latest sale, Quantum Solutions’ Ethereum holdings stand at 4,764.80 ETH, down about 29% from their peak level.

Separately, the company increased the group’s cumulative Ethereum sale limit to 4,375 ETH from 1,875 ETH. Based on its current holdings, the revised limit allows for the potential sale of up to an additional 2,471 ETH, equivalent to roughly 52% of its remaining position.

The sale comes with Ethereum trading below the $2,000 level. At the time of writing, ETH was changing hands at $1,927, up 1.3% over the previous 24 hours.

Source: Quantum Solutions